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| In the UK you are liable to taxes on income in the year it arrises, being paid or not is not relivent! As you can imagine, figures have to be corrected & old years recalculated as you can claim bad debt relief, or if final accounts change from estimated accounts. | |
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The OP said 'if I receive pay...' this implies employee and getting paid every month, so there is no late payment to worry about.
If you are talking self employed then yes you put the income according to the invoice date.